The do-it-yourself (DIY) home improvement retailing market has shown strong growth, increasing from $807.6 billion in 2023 to $863.57 billion in 2024, at a compound annual growth rate (CAGR) of 6.9%. This growth is attributed to the increasing popularity of DIY projects, higher demand for personalized interior design, lifestyle changes, more working women participating in home decoration, cost-conscious consumers, and growth in the residential real estate industry. The market is expected to grow further, reaching $1,134.75 billion by 2028 at a CAGR of 7.1%. This anticipated growth is driven by the expansion of online sales channels, increased adoption of wooden furnishings, growing demand for personalized lawn management, rising popularity of DIY products, and the emergence of DIY-focused social media platforms and online tutorials. Major trends expected in the forecast period include the integration of smart home technology, a focus on sustainability and eco-friendly products, adoption of personalization and niche market products, advancements in augmented reality (AR) for virtual previews of furniture and decor, and innovation in personalized interior design.
Global Do It Yourself Home Improvement Retailing Market Key Driver
The growth in e-commerce is expected to drive the growth of the do-it-yourself home improvement retailing market. E-commerce expansion, driven by widespread smartphone use and internet access, offers consumers convenience and diverse product choices. It enhances the do-it-yourself home improvement sector by providing access to a wide range of products, tutorials, and convenient shipping, encouraging more home renovation projects. According to the Census Bureau of the Department of Commerce in May 2024, U.S. retail e-commerce sales for the first quarter of 2024 reached $289.2 billion, a 2.1% increase from the fourth quarter of 2023. Therefore, the growth in e-commerce is driving the do-it-yourself home improvement retailing market.
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Global Do It Yourself Home Improvement Retailing Market Segments
The do-it-yourself home improvement retailing market covered in this report is segmented –
1) By Product: Lumber And Landscape Management, Tools And Hardware, Decor And Indoor Garden, Kitchen, Lighting And Other Products
2) By Application: Residential, Commercial
3) By Distribution: Offline, Online
By Geography:The regions covered in the do-it-yourself home improvement retailing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the do-it-yourself home improvement retailing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
Major Do It Yourself Home Improvement Retailing Industry Players
Amazon.com Inc., The Home Depot Inc., Lowe's Companies Inc., IKEA, Groupe Adeo SA, Wesfarmers Limited, BayWa AG, Tractor Supply Company, Menard Inc., Bunnings Group Limited, OBI Group Holding SE and Co. KGaA, Ace Hardware Corporation, Toolstation Limited, HORNBACH Holding AG and Co. KGaA, Flipkart Private Limited, Home Hardware Stores Ltd., Grafton Group plc, Maxeda DIY Group B.V., Mr D.I.Y. Group, Castorama, Brico BricoPlanit, REWE Group, UBUY Inc., Wickes Group Plc, Praktiker AG
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Do It Yourself Home Improvement Retailing Market Overview
Do-it-yourself home improvement retailing refers to the sale of products and supplies aimed at enabling consumers to undertake home improvement projects independently, without professional assistance. These retailers offer a wide array of tools, materials, and expertise to support customers in renovating, maintaining, and enhancing their homes according to their own preferences and abilities. They emphasize affordability, convenience, and empowerment, allowing homeowners to personalize their living spaces and achieve their desired outcomes.
Do It Yourself Home Improvement Retailing Global Market Report 2023 provides data on the global do it yourself home improvement retailing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The do it yourself home improvement retailing market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
